Risk Analyst

ICE Clear Europe Limited; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

ICE Clear Europe Limited seeks a Risk Analyst to support the Clearing Risk Department in overseeing and shaping risk management across asset classes and risk models.

You will work with senior risk managers, help implement enhancements to risk tools and models, and contribute to policy development and reporting to ICE Clear Europe’s board and risk committees.

Qualifications

• Degree in Mathematics, Engineering, Finance or other equivalent degrees.
• Attention to detail and strong problem-solving skills with the ability to balance trade-offs.
• Prior experience in risk management, internships or relevant experience in finance will be advantageous.
• Strong knowledge of financial derivatives products across asset classes preferred.
• Experience applying risk management models and techniques such as VaR, liquidity risk, backtesting and stress testing.
• Ability to collaborate, conduct research and implement solutions independently.
• Experience with SQL and Python.
• Excellent written and verbal communication skills.

Responsibilities

• Conduct mathematical/statistical analysis to calibrate and enhance risk models.
• Ensure the risk management framework and policies align with regulatory standards.
• Identify areas for improvement in risk models, processes or infrastructure.
• Enhance documentation of risk processes, procedures and models.
• Communicate with clearing members, risk committees and senior ICE management.
• Build and maintain risk management reports for the ICE Clear Europe board and regulators.
• Monitor model performance tests and assess model appropriateness.
• Collaborate with colleagues on policy and methodology development.
• Conduct project work and thematic or ad-hoc market research on risk topics.

Skills

SQL

Python

Attention to detail

Analytical thinking

Communication

Education

Mathematics degree

Engineering degree

Finance degree

Job description

Job Description

Job Purpose

ICE Clear Europe’s Clearing Risk Department (“CRD”) is looking for a Risk Analyst. The successful candidate will assist the senior risk managers in overseeing and shaping the risk management practice at one of the largest futures and options clearing houses in the world. You will be joining a very dynamic team, be exposed to a wide range of asset classes and be challenged with complex risk problems. You will be responsible for carrying out all aspects of the day-to-day risk management duties and assist in developing and implementing enhancements to the risk management tools, models, and processes. You will also participate in the design and implementation of new risk initiatives and products that benefit the business.

Responsibilities

• Conduct mathematical/statistical analysis to calibrate and enhance risk models
• Ensure the risk management framework and risk policies are being adhered to and are consistent with regulatory and industry standards
• Assist with identifying areas where the risk models, risk management processes, or infrastructure can be improved
• Enhance documentation of risk processes, procedures and models
• Assist with communication with representatives from clearing members, risk committees and senior management of ICE
• Build and maintain risk management reports for the ICE Clear Europe board, various ICE Clear Europe risk committees and the regulators overseeing ICE Clear Europe
• Monitor model performance tests and assess the appropriateness of models in order to demonstrate policy adherence
• Collaborate with a group of colleagues on key policy and methodology development
• Conduct project work and run thematic or ad-hoc market research on relevant risk topics

Knowledge and Experience

• Degree in Mathematics, Engineering, Finance or other equivalent degrees
• Attention to detail and strong problem-solving skills with the ability to balance trade-offs
• Prior experience in risk management as a risk intern or relevant professional experience (at an investment bank, hedge fund or clearing house) will be an advantage.
• Strong knowledge in financial derivatives products in multiple asset classes preferred
• Prior experience in applying risk management models and techniques such as Value at Risk models, Liquidity Risk models, backtesting and stress testing models will be an advantage.
• Ability to be a team player and to collaborate with other teams
• Ability to conduct research, analyze problems, formulate and implement solutions in an efficient, effective and independent manner
• Experience with SQL and Python
• Excellent written and verbal communication skills